【指标介绍】
今天为大家拆解一款经过实战验证的多维度融合指标——「凌波微步」。该指标深度整合了多周期趋势轨迹、筹码分布特征、波动通道规律及动能变化信号,通过多维度数据交叉验证,精准识别趋势启动、反弹回暖及强势延续等关键节点,为市场观察提供清晰的逻辑支撑。
一、指标核心逻辑:多维度融合,穿透市场波动表象
「凌波微步」指标的核心优势在于摒弃了单一数据的局限性,通过四大核心维度的深度融合,构建起完整的趋势判断体系。其底层逻辑是:通过筹码分布特征判断资金聚集方向,结合趋势轨迹明确波动节奏,借助动能信号捕捉转向时机,最终通过多重过滤条件锁定高可信度信号。
1. 核心观察维度拆解
该指标并非简单叠加数据,而是通过逻辑关联实现维度互补:
首先,通过筹码分布相关数据,区分不同资金群体的筹码占比,判断资金流向的持续性——当核心资金占比持续提升、散户筹码占比有序回落时,往往是趋势酝酿的关键阶段;其次,结合多周期趋势轨迹,明确当前波动所处的大环境,避免在趋势相悖的情况下误判信号;最后,通过动能变化与成交量的联动分析,过滤掉短期无效波动,聚焦真正具备延续性的波动信号。
2. 三大核心信号解读
指标通过多重数据交叉验证,最终输出三大核心信号,每个信号都对应清晰的观察逻辑和适用场景,方便根据市场情绪灵活调整观察重点:
信号一:突破启动信号——当价格突破关键压力区间,同时伴随核心资金占比提升、动能信号由弱转强时触发。这类信号的核心观察点在于“突破有效性”:需确认突破时的量能变化符合趋势延续逻辑,且突破后的回踩未跌破关键区间。适用场景:市场情绪平稳,趋势处于逐步升温阶段。
信号二:回暖反弹信号——当价格经历短期快速回落,随后出现核心资金回流、动能信号止跌回升时触发。观察关键在于“回流持续性”:需重点关注回落幅度是否达到合理区间,回流时的量能是否有序放大,避免误判短期反弹与趋势反转。适用场景:市场处于短期调整末端,情绪即将回暖阶段。
信号三:强势延续信号——当价格处于强势波动阶段,出现量能与动能同步放大、核心资金持续流入时触发。观察重点在于“强势稳定性”:需确认强势阶段的波动节奏未出现紊乱,核心资金占比未出现明显回落。适用场景:市场情绪活跃,趋势延续性较强阶段。
3. 信号过滤:提升观察可信度的关键步骤
为避免无效信号干扰,指标设置了多重过滤条件,只有同时满足以下核心条件,才可将信号视为高可信度观察点:
① 核心资金强度由弱转强,且资金流向持续稳定;② 动能乖离指标上穿关键区间,脱离超买或超卖极端状态;③ 价格波动未偏离多周期趋势轨迹过多;④ 量能变化与价格波动方向一致,未出现量价背离。
【指标图示】

【凌波微步】主副选精准判 | 乖离上穿关键位 + 多重过滤 | 删繁就简市场情绪适配 规避杂波
【指标源码】
{凌波微步主图}
{资金关注}
ZLCM:=EMA(WINNER(CLOSE)*70,3);
SHCM:=EMA((WINNER(CLOSE*1.1)-WINNER(CLOSE*0.9))*80,3);
ZSHTL:=SHCM/(ZLCM+SHCM)*100;
ZZLKP:=ZLCM/(ZLCM+SHCM)*100;
ZCMZL:=MA(ZLCM+SHCM,13);
ZZNTS:=BARSLAST(ZSHTL<90 AND REF(ZSHTL,1)>90);
ZSHJJ:=EMA(ZSHTL,89);
ZZLJJ:=EMA(ZZLKP,89);
ZJLRQD:=INTPART(ZZLKP-ZZLJJ);
SH8:=EMA(ZSHTL,8);
DKB:=IF(ZZLKP-REF(ZZLKP,1)>ZSHTL-REF(ZSHTL,1),1,0);
最佳关注条件:=ZJLRQD>0 AND ZSHTL< 90;
首次最佳关注:=最佳关注条件 AND REF(ZJLRQD,1)<0;
X_1:=MA(CLOSE,10);
X_2:=MA(CLOSE,54);
X_3:=(REF(CLOSE,3)-CLOSE)/REF(CLOSE,3)*100>5;
X_4:=FILTER(X_3,10);
X_5:=BARSLAST(X_4);
X_6:=REF(HIGH,X_5+2);
X_7:=REF(HIGH,X_5+1);
X_8:=REF(HIGH,X_5);
X_9:=MAX(X_6,X_7);
X_10:=MAX(X_9,X_8);
X_11:=(CLOSE-REF(CLOSE,1))/REF(CLOSE,1)*100>5;
X_12:=X_5< 150;
X_13:=(OPEN-X_10)/X_10*100< 30;
X_14:=(CLOSE-LLV(LOW,X_5))/LLV(LOW,X_5)*100< 50;
X_15:=(CLOSE-REF(OPEN,5))/REF(OPEN,5)*100< 30;
X_16:=VOL/MA(VOL,5)< 3.5;
X_17:=(CLOSE-REF(CLOSE,89))/REF(CLOSE,89)*100< 80;
X_18:=X_11 AND X_12 AND X_13 AND X_14 AND X_15 AND X_16 AND X_17;
X_19:=FILTER(X_18,15);
X_20:=(CLOSE-X_2)/X_2< 0.1;
X_21:=(CLOSE-X_1)/X_1< 0.3;
X_22:=(X_20=1 AND X_21=1)*0.2;
X_23:=(X_22=0 AND REF(X_22,1)=0.2 AND REF(COUNT(X_22=0.2,10)=10,1)=1)*(-0.1);
X_24:=X_23=(-0.1);
X_25:=X_19 OR X_24;
X_26:=DYNAINFO(7)/REF(CLOSE,1)>1.05 AND DYNAINFO(7)/OPEN>1.05;
X_27:=VOL/REF(VOL,1)>1.2 AND COUNT(CLOSE>OPEN,1) OR (LOW>REF(HIGH,1) AND COUNT(OPEN>CLOSE,1) AND VOL/REF(VOL,1)>1.2);
选股:=X_25 AND X_27 AND X_26;
资金关注:首次最佳关注 AND 选股,NODRAW,COLORFFFF80;
{资金上行}
RSV:=(CLOSE-LLV(LOW,15))/(HHV(HIGH,15)-LLV(LOW,15))*100;
K1:=SMA(RSV,10,1);
D1:=SMA(K1,5,1);
TFXXS:=INTPART(K1)+INTPART(D1);
乖离线:=(TFXXS-REF(TFXXS,1))*10;
套牢获利线:=ZSHTL-50;
资金上行:CROSS(乖离线,套牢获利线) AND 首次最佳关注 NODRAW;
{波段}
HG1:=MA(C,1);
HG2:=SMA(SMA(SMA(HG1,2,1),2,1),2,1);
HG3:=MA(HG2,3);
HG4:=(2*CLOSE+HIGH+LOW)/4;
HG5:=MA(HG4,7);
HG6:=HG5-MA(HG4,7/2)< 0;
HG7:=HG5-MA(HG4,7/2)>0;
HG8:=BARSLAST(HG6);
HG9:=0-BARSLAST(HG7);
HG10:=IF(HG6<=0,HG8,HG9);
HG11:=EMA(CLOSE,55);
HG12:=MA(CLOSE,75);
HG13:=EMA(HG12,3);
HG14:=EMA(HG13,3);
HG15:=(HIGH + LOW) / 5;
HG16:=(MA(HG15,4)) - (MA(HG15,34));
HG17:=CROSS(HG16,0);
HG18:=CROSS(0,HG16);
HG19:=BARSLAST(HG17);
HG20:=BARSLAST(HG18);
HG21:=REF(HG17,1);
HG22:=REF(HG18,1);
HG23:=BARSLAST(HG21);
HG24:=BARSLAST(HG22);
HG25:=IF((HG23 < HG24),(REF((HHV(HIGH,2)),HG23)),(REF((LLV(LOW,2)),HG24)));
HG26:=(((REF(CLOSE,1)) <= (REF(HG25,1))) AND (CLOSE > HG25)) AND (HG19 < HG20);
HG27:=(((REF(CLOSE,1)) >= (REF(HG25,1))) AND (CLOSE < HG25)) AND (HG20 < HG19);
HG28:=HG26 AND ((COUNT(HG26,HG19)) = 1);
HG29:=HG27 AND ((COUNT(HG27,HG20)) = 1);
HG30:=HG28 AND ((REF(BARSLAST(HG29),1)) < (REF(BARSLAST(HG28),1)));
HG31:=HG29 AND ((REF(BARSLAST(HG29),1)) > (REF(BARSLAST(HG28),1)));
DRAWTEXT(HG30,HG3*0.99,'< < < < < < < '),COLORYELLOW;
HG32:=AMOUNT/(VOL);
HG33:=MA(HG32,13);
HG34:=(C-HG33)/HG33*100;
HG35:=MA(CLOSE,22);
HG36:=HG35 + 2*STD(C,22);
HG37:=HG35 - 2*STD(C,22);
HG38:=(C-HG37)/(HG36-HG37);
HG39:=(REF(HG34,1)< -15 AND REF(HG38,1)< 0 AND HG34>REF(HG34,1));
STICKLINE(HG39,LOW*0.93,LOW*0.95,6,0),COLORYELLOW;
DRAWTEXT(HG39>0,LOW*0.98,'☆'),COLORFF00FF;
JHBDN1:=(100 - ((90 * (HHV(HIGH,21) - CLOSE)) / (HHV(HIGH,21) - LLV(LOW,21))));
JHBDN2:=(100 - ((90 * (HHV(HIGH,21) - CLOSE)) / (HHV(HIGH,21) - LLV(LOW,21))));
JHBDN3:=(100 - MA(((100 * (HHV(HIGH,6) - CLOSE)) / (HHV(HIGH,6) - LLV(LOW,6))),34));
JHBDN4:=IF(CLOSE/REF(CLOSE,1)>1.050 AND HIGH/CLOSE< 1.010 AND IF(CLOSE>REF(CLOSE,1),88,0)>0, 91, 0);
STICKLINE(JHBDN4>90,L,L*0.92,1,0),COLORFF00FF;
DRAWTEXT(JHBDN4>90,LOW*0.92,'追'),COLORFF00FF;
JHBDN5:=MA((LOW+HIGH+CLOSE)/3,5)>REF(MA((LOW+HIGH+CLOSE)/3,5),1) AND REF(MA((LOW+HIGH+CLOSE)/3,5),1)< REF(MA((LOW+HIGH+CLOSE)/3,5),2);
JHBDN6:=L< HHV(MA((LOW+HIGH+CLOSE)/3,5),13) AND H>HHV(MA((LOW+HIGH+CLOSE)/3,5),13) AND C>REF(C,1) AND C>O;
JHBDN7:=JHBDN6 AND COUNT(JHBDN5,2);
JHBDN8:=JHBDN7 AND NOT(REF(JHBDN7,1));
STICKLINE(JHBDN8,L,L*0.95,1,0),COLORRED;
DRAWTEXT(JHBDN8,L*0.95, '短'),COLORRED;
DRAWTEXT(资金上行,LOW*0.92, '资金上行');
DRAWTEXT(资金关注,LOW*0.89, '资金关注');

{凌波微步副图}
ZLCM:=EMA(WINNER(CLOSE)*70,3);
SHCM:=EMA((WINNER(CLOSE*1.1)-WINNER(CLOSE*0.9))*80,3);
ZSHTL:=SHCM/(ZLCM+SHCM)*100;
ZZLKP:=ZLCM/(ZLCM+SHCM)*100;
ZCMZL:=MA(ZLCM+SHCM,13);
ZZNTS:=BARSLAST(ZSHTL<90 AND REF(ZSHTL,1)>90);
ZSHJJ:=EMA(ZSHTL,89);
ZZLJJ:=EMA(ZZLKP,89);
ZJLRQD:=INTPART(ZZLKP-ZZLJJ);
SH8:=EMA(ZSHTL,8);
DKB:=IF(ZZLKP-REF(ZZLKP,1)>ZSHTL-REF(ZSHTL,1),1,0);
最佳关注条件:=ZJLRQD>0 AND ZSHTL< 90;
首次最佳关注:=最佳关注条件 AND REF(ZJLRQD,1)<0;
X_1:=MA(CLOSE,10);
X_2:=MA(CLOSE,54);
X_3:=(REF(CLOSE,3)-CLOSE)/REF(CLOSE,3)*100>5;
X_4:=FILTER(X_3,10);
X_5:=BARSLAST(X_4);
X_6:=REF(HIGH,X_5+2);
X_7:=REF(HIGH,X_5+1);
X_8:=REF(HIGH,X_5);
X_9:=MAX(X_6,X_7);
X_10:=MAX(X_9,X_8);
X_11:=(CLOSE-REF(CLOSE,1))/REF(CLOSE,1)*100>5;
X_12:=X_5< 150;
X_13:=(OPEN-X_10)/X_10*100< 30;
X_14:=(CLOSE-LLV(LOW,X_5))/LLV(LOW,X_5)*100< 50;
X_15:=(CLOSE-REF(OPEN,5))/REF(OPEN,5)*100< 30;
X_16:=VOL/MA(VOL,5)< 3.5;
X_17:=(CLOSE-REF(CLOSE,89))/REF(CLOSE,89)*100< 80;
X_18:=X_11 AND X_12 AND X_13 AND X_14 AND X_15 AND X_16 AND X_17;
X_19:=FILTER(X_18,15);
X_20:=(CLOSE-X_2)/X_2< 0.1;
X_21:=(CLOSE-X_1)/X_1< 0.3;
X_22:=(X_20=1 AND X_21=1)*0.2;
X_23:=(X_22=0 AND REF(X_22,1)=0.2 AND REF(COUNT(X_22=0.2,10)=10,1)=1)*(-0.1);
X_24:=X_23=(-0.1);
X_25:=X_19 OR X_24;
X_26:=DYNAINFO(7)/REF(CLOSE,1)>1.05 AND DYNAINFO(7)/OPEN>1.05;
X_27:=VOL/REF(VOL,1)>1.2 AND COUNT(CLOSE>OPEN,1) OR (LOW>REF(HIGH,1) AND COUNT(OPEN>CLOSE,1) AND VOL/REF(VOL,1)>1.2);
选股:=X_25 AND X_27 AND X_26;
ZJMR:=首次最佳关注 AND 选股;
资金线:=ZJLRQD*2,COLORGREEN;
ZJLRQD1:=ZJLRQD*2,COLORGREEN;
RSV:=(CLOSE-LLV(LOW,15))/(HHV(HIGH,15)-LLV(LOW,15))*100;
K1:=SMA(RSV,10,1);
D1:=SMA(K1,5,1);
TFXXS:=INTPART(K1)+INTPART(D1);
GLX:=(TFXXS-REF(TFXXS,1))*10;
ZJQSX:=ZZLKP;
TLHLX:=ZSHTL-50;
ZJSX:=CROSS(GLX,TLHLX) AND 首次最佳关注;
JHBDN1:=(100 - ((90 * (HHV(HIGH,21) - CLOSE)) / (HHV(HIGH,21) - LLV(LOW,21))));
JHBDN2:=(100 - ((90 * (HHV(HIGH,21) - CLOSE)) / (HHV(HIGH,21) - LLV(LOW,21))));
JHBDN3:=(100 - MA(((100 * (HHV(HIGH,6) - CLOSE)) / (HHV(HIGH,6) - LLV(LOW,6))),34));
JHBDN4:=IF(CLOSE/REF(CLOSE,1)>1.050 AND HIGH/CLOSE< 1.010 AND IF(CLOSE>REF(CLOSE,1),88,0)>0, 91, 0);
JHBDN5:=MA((LOW+HIGH+CLOSE)/3,5)>REF(MA((LOW+HIGH+CLOSE)/3,5),1) AND REF(MA((LOW+HIGH+CLOSE)/3,5),1)< REF(MA((LOW+HIGH+CLOSE)/3,5),2);
JHBDN6:=L< HHV(MA((LOW+HIGH+CLOSE)/3,5),13) AND H>HHV(MA((LOW+HIGH+CLOSE)/3,5),13) AND C>REF(C,1) AND C>O;
JHBDN7:=JHBDN6 AND COUNT(JHBDN5,2);
JHBDN8:=JHBDN7 AND NOT(REF(JHBDN7,1));
STICKLINE(ZJSX AND ZJMR AND JHBDN8 AND JHBDN4,-50,50,8,0),COLORBROWN;
IF(ZJLRQD1>=28 ,ZJLRQD1,DRAWNULL),STICK,COLOR0000FF,LINETHICK5;
IF(ZJLRQD1<28 AND ZJLRQD1 >=0,ZJLRQD1,DRAWNULL),STICK,COLORMAGENTA,LINETHICK5;
IF(ZJLRQD1<0 ,ZJLRQD1,DRAWNULL),STICK,COLOR00FF00,LINETHICK5;
乖离线:GLX,COLORFFFF00,LINETHICK2;
资金趋势线:ZJQSX,COLORFFFF80;
套牢获利线:TLHLX,COLORGRAY,LINETHICK2;
资金关注:ZJMR,NODRAW,COLORFFFF80;
资金上行:ZJSX;
DRAWICON(资金上行,-25,29);
DRAWTEXT(资金上行,-27,' 资金上行'),COLORFFFF80;
DRAWTEXT_FIX(1,0.02,0.01,0,'乖离上穿-50抄底,上穿0轴关注'),COLORMAGENTA;
DRAWTEXT_FIX(1,0.02,0.13,0,'套牢获利线下穿0轴,走强'),COLORMAGENTA;
NOTEXTA:-50,DOTLINE,COLORMAGENTA;
NOTEXTB:50,,DOTLINE,COLORMAGENTA;
NOTEXTC:0,,DOTLINE,COLORFFFFFF;
DRAWICON(资金关注,-45,25);
DRAWTEXT(资金关注,-47,' 资金关注'),COLORFFFF80;

{凌波微步选GU}
{资金关注}
ZLCM:=EMA(WINNER(CLOSE)*70,3);
SHCM:=EMA((WINNER(CLOSE*1.1)-WINNER(CLOSE*0.9))*80,3);
ZSHTL:=SHCM/(ZLCM+SHCM)*100;
ZZLKP:=ZLCM/(ZLCM+SHCM)*100;
ZCMZL:=MA(ZLCM+SHCM,13);
ZZNTS:=BARSLAST(ZSHTL<90 AND REF(ZSHTL,1)>90);
ZSHJJ:=EMA(ZSHTL,89);
ZZLJJ:=EMA(ZZLKP,89);
ZJLRQD:=INTPART(ZZLKP-ZZLJJ);
SH8:=EMA(ZSHTL,8);
DKB:=IF(ZZLKP-REF(ZZLKP,1)>ZSHTL-REF(ZSHTL,1),1,0);
最佳关注条件:=ZJLRQD>0 AND ZSHTL< 90;
首次最佳关注:=最佳关注条件 AND REF(ZJLRQD,1)<0;
X_1:=MA(CLOSE,10);
X_2:=MA(CLOSE,54);
X_3:=(REF(CLOSE,3)-CLOSE)/REF(CLOSE,3)*100>5;
X_4:=FILTER(X_3,10);
X_5:=BARSLAST(X_4);
X_6:=REF(HIGH,X_5+2);
X_7:=REF(HIGH,X_5+1);
X_8:=REF(HIGH,X_5);
X_9:=MAX(X_6,X_7);
X_10:=MAX(X_9,X_8);
X_11:=(CLOSE-REF(CLOSE,1))/REF(CLOSE,1)*100>5;
X_12:=X_5< 150;
X_13:=(OPEN-X_10)/X_10*100< 30;
X_14:=(CLOSE-LLV(LOW,X_5))/LLV(LOW,X_5)*100< 50;
X_15:=(CLOSE-REF(OPEN,5))/REF(OPEN,5)*100< 30;
X_16:=VOL/MA(VOL,5)< 3.5;
X_17:=(CLOSE-REF(CLOSE,89))/REF(CLOSE,89)*100< 80;
X_18:=X_11 AND X_12 AND X_13 AND X_14 AND X_15 AND X_16 AND X_17;
X_19:=FILTER(X_18,15);
X_20:=(CLOSE-X_2)/X_2< 0.1;
X_21:=(CLOSE-X_1)/X_1< 0.3;
X_22:=(X_20=1 AND X_21=1)*0.2;
X_23:=(X_22=0 AND REF(X_22,1)=0.2 AND REF(COUNT(X_22=0.2,10)=10,1)=1)*(-0.1);
X_24:=X_23=(-0.1);
X_25:=X_19 OR X_24;
X_26:=DYNAINFO(7)/REF(CLOSE,1)>1.05 AND DYNAINFO(7)/OPEN>1.05;
X_27:=VOL/REF(VOL,1)>1.2 AND COUNT(CLOSE>OPEN,1) OR (LOW>REF(HIGH,1) AND COUNT(OPEN>CLOSE,1) AND VOL/REF(VOL,1)>1.2);
选股:=X_25 AND X_27 AND X_26;
资金关注:=首次最佳关注 AND 选股;
{资金上行}
RSV:=(CLOSE-LLV(LOW,15))/(HHV(HIGH,15)-LLV(LOW,15))*100;
K1:=SMA(RSV,10,1);
D1:=SMA(K1,5,1);
TFXXS:=INTPART(K1)+INTPART(D1);
乖离线:=(TFXXS-REF(TFXXS,1))*10;
套牢获利线:=ZSHTL-50;
资金上行:=CROSS(乖离线,套牢获利线) AND 首次最佳关注;
{波段}
JHBDN1:=(100 - ((90 * (HHV(HIGH,21) - CLOSE)) / (HHV(HIGH,21) - LLV(LOW,21))));
JHBDN2:=(100 - ((90 * (HHV(HIGH,21) - CLOSE)) / (HHV(HIGH,21) - LLV(LOW,21))));
JHBDN3:=(100 - MA(((100 * (HHV(HIGH,6) - CLOSE)) / (HHV(HIGH,6) - LLV(LOW,6))),34));
追:=IF(CLOSE/REF(CLOSE,1)>1.050 AND HIGH/CLOSE< 1.010 AND IF(CLOSE>REF(CLOSE,1),88,0)>0, 91, 0);
JHBDN5:=MA((LOW+HIGH+CLOSE)/3,5)>REF(MA((LOW+HIGH+CLOSE)/3,5),1) AND REF(MA((LOW+HIGH+CLOSE)/3,5),1)< REF(MA((LOW+HIGH+CLOSE)/3,5),2);
JHBDN6:=L< HHV(MA((LOW+HIGH+CLOSE)/3,5),13) AND H>HHV(MA((LOW+HIGH+CLOSE)/3,5),13) AND C>REF(C,1) AND C>O;
JHBDN7:=JHBDN6 AND COUNT(JHBDN5,2);
短:=JHBDN7 AND NOT(REF(JHBDN7,1));
XG:短 AND 追 AND 资金上行 AND 资金关注;

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